FE with LTC Similar Benefits?

[jmarkk1]

When it comes to FE...are there any that have decent accelerated benefits that could help in LTC event? Or any FE with LTC riders?

 

[TwiLight]

one of the best FE policies that offer this benefit is Transamerica/MonLife. The accelerated DB also will include a nursing home admittance. The Death benefit less one years premium would be paid out with this.

Transamerica max Death Benefit is $50k to age 55 and $30k 65-75. Nice to sell in connection with An STC/Recovery Care policy or Home Health Care plan with Kemper.

We have had great success with our telemarketer leads using the STC approach. Most of our agents do complete replacement of Life using the Transamerica plans because of the nursing care addition to the ADB feature. With the 2 types of insurance, policy 12-month lapse rate and non-taken rate has almost disappeared.

SAGICOR's GUL policy is another good plan that has a chronic illness rider built into the plan that we also use in cases. Their Simple Issue underwriting from age 18-65 (25k-99k) and express issue (5k-24k) from ages 18-75 works nicely in FE cases.

 

[jmarkk1]

What are rates fir 71 year old female, diabetic, high blood pressure, and heart issue (A-fib) She's 5'3" and 200...non smoker
Does take coumadin.
She's got about $150-$200/month
Currently, she has about $17000 in whole through multiple paid up policies from John Hancock and a $10000 policy from LH that she bought in 2008
She's interested in some type of nursing home coverage, but I think her $150-$200/month would be better used with whole life that has accelerated benefits
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I'm appointed with Sagicor and Monumental...but just not near computer

 

[TwiLight]

What are rates fir 71 year old female, diabetic, high blood pressure, and heart issue (A-fib) She's 5'3" and 200...non smoker
Does take coumadin.
She's got about $150-$200/month
Currently, she has about $17000 in whole through multiple paid up policies from John Hancock and a $10000 policy from LH that she bought in 2008
She's interested in some type of nursing home coverage, but I think her $150-$200/month would be better used with whole life that has accelerated benefits
- - - - - - - - - - - - - - - - - -
I'm appointed with Sagicor and Monumental...but just not near computer

It is a no go for SAGICOR - Blood Thinners will be a decline for sure.

At best you will be a Graded plan with Monumental and I would not recommend it on price alone. Much better options out there.

 

[WinoBlues]

one of the best FE policies that offer this benefit is Transamerica/MonLife. The accelerated DB also will include a nursing home admittance. The Death benefit less one years premium would be paid out with this.

Transamerica max Death Benefit is $50k to age 69 and $30k 70-79. Nice to sell in connection with An STC/Recovery Care policy or Home Health Care plan with Kemper.

We have had great success with our telemarketer leads using the STC approach. Most of our agents do complete replacement of Life using the Transamerica plans because of the nursing care addition to the ADB feature. With the 2 types of insurance, policy 12-month lapse rate and non-taken rate has almost disappeared.

SAGICOR's GUL policy is another good plan that has a chronic illness rider built into the plan that we also use in cases. Their Simple Issue underwriting from age 18-65 (25k-99k) and express issue (5k-24k) from ages 18-75 works nicely in FE cases.

Not sure we are talking about the same plan but I believe the Sagicor GUL is non med to $250,000.00.

Sent from my Nexus 7 using Insurance Forums

 

[TwiLight]

Sagicor simple issue is for ages 18-65 for 25k to 249,999.
5k-24,999 it is express issue age 18-75.

Over 65 is fully underwritten and the person I was quoting was asking about a 71 year old.

 

[jmarkk1]

Back to original question...based on my 71 yr old client that wants ltc...she won't qualify for ltc/stc
She's got about $12000 in life now
but she's got about $150-$200/month to spend on possible ltc coverage.
Should I sell her graded policy...all she'll qualify for at best...or just walk away?

 

[tins]

Back to original question...based on my 71 yr old client that wants ltc...she won't qualify for ltc/stc
She's got about $12000 in life now
but she's got about $150-$200/month to spend on possible ltc coverage.
Should I sell her graded policy...all she'll qualify for at best...or just walk away?

Kemper has a Home Health Care plan that may be a good fit.
Seems pretty easy to qualify for.

 

[TwiLight]

Kemper's plan may do fine. It is available in OH, I will PM you the brochure and rates

 

[jmarkk1]

How fast is contracting? Etc